The inductor market is expected to grow at a CAGR of 4.34% over the forecast period to reach a total market size of US$6.011 billion in 2023, from US$4.659 billion in 2017. Growing demand for consumer electronics such as smartphones, tablets, laptops, set-top boxes, portable gaming consoles, and others is the major factor driving the demand for various inductors worldwide. The growth of global inductor market is also fueled by escalating demand for inductors from telecommunication, industrial, automotive, and defense sectors. Asia-Pacific region is expected to witness the fastest regional market growth during the forecast period due to a surge in demand originating from manufacturing industry, especially in China and India.. However, due to advancement in technology across different sectors and the need to cope up with the miniaturization of devices trends, inductor manufacturers are focusing on developing complex small inductors, thereby acting as a technological barrier to the growth of global inductor market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the inductor market value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
Key industry player profiles as part of this report are Vishay Intertechnology, AVX Corporation, Taiyo Yuden Co., Ltd., and TDK Corporation among other companies.
The Inductor market has been segmented by type, end user industry, and geography as below:
Air Core Inductor
Iron Core Inductor
Ferrite Core Inductor
Toroidal Core Inductor
By End User Industry
Radio and High Frequency Applications
Mobile Communication Systems
Middle East and Africa